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JD Edwards EnterpriseOne Financial Management 9.2 Implementation Essentials

Quiz 1Z0-342: JD Edwards EnterpriseOne Financial Management 9.2 Implementation Essentials

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Preparation Guide for Oracle 1z0-342 Certification Exam

5 min. 08/05/2023 08/05/2023

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Introduction

The Oracle JD Edwards EnterpriseOne Financial Management 9.2 Implementation Essentials Certification Exam certifies the candidate has a firm understanding and grasp over Oracle JD Edwards Financial Management technology. This certificate is also known as Oracle 1Z0-342 Exam which is a benchmark for experience and expertise recognized by employers across the globe.

Aim of the Certificate Exam

The certification exam is designed to help the candidate excel and command his future progression. It is designed to

  • Provide individuals with a mark of excellence that is extremely recognized by the clients and seeks within across the industries
  • Differentiate individual in a crowded job market
  • Empower individuals to execute tasks with confidence and skill

Brief Details

Following are the quick details related to the 1z0-342 Certification Exam

  • Exam Name: JD Edwards EnterpriseOne Financial Management 9.2 Implementation Essentials

  • Exam Code: 1z0-342

  • Number of Questions: 80 Questions

  • Duration: 120 minutes

  • Pass Score: 65%

  • Exam type: Multiple Choice Questions

  • Exam Price: $245 (USD) Price may vary from country and localized currency rates

  • Exam Mode: Online Proctored Exam.
    Candidates can take the examination from any place at any time as per their convenience. Candidates also have the option to give exams at any of the authorized training centers. Candidates can select the exam mode based on their convenience at the time of registration.

  • Exam Registration: Candidates willing to appear for the exam have to purchase the exam voucher. Post purchasing the voucher, the candidate can register for the examination on Oracle Education Portal

  • Exam Voucher: Candidates can purchase the exam vouchers on Oracle Education Portal . Voucher is valid for 6 months from the date of issue and is like a gift voucher which will get forfeited if not used within 6 months.

Scope

This certificate verifies the fundamental knowledge of the candidate in JD Edwards Enterprise Financial Management technology ensuring if the candidate is skilled enough in Financial management over cloud technology.

Also Oracle 1z0-342 certificate ensures the candidate is proficient in practically applying the knowledge gained through pieces of training and practical experience of working within the projects.

Target Audience

The Oracle 1z0-342 Certification Exam is targeted to the candidates having experience in Oracle JD Edwards Financial Management technology and want to set their career progression as JD Edwards EnterpriseOne Financial Management 9.2 Certified Implementation Specialist (OCS).

Note: Oracle prohibits nationals of the embargoed territories of Cuba, Iran, North Korea, Syria, and Sudan from taking any Oracle test or from becoming certified.

Topics to Cover

Oracle 1z0-342 Certification Exam is based on the learnings, key topics, and activities encountered during oracle pieces of training and implementations.

Following are the major topics along with the sub-skills, a candidate should cover while preparing for the examination. These topics will give the candidates a clear view of which topics and skills inclusive, one should focus on for the certification.

Note: The list and details are not an all-inclusive content list. Oracle reserves the right to change and update the content (topics and sub-skills) at any point in time.

  • Address Book (AB)
    Describe the Address Book
    Describe program navigation
    Create content for Composite Application Framework

  • Payable Accounts
    Describe Accounts Payable Business Process
    Configuration components for Accounts Payable
    Describe Supplier Master
    Process Vouchers and Voucher Match
    Perform Automatic Voucher Match
    Process Payments
    Approve Post AP transactions
    Update and review tax information
    Describe the OneView Supplier Ledger and Payment Inquiry
    Analyze Accounts Payable and Integrity reports

  • General Accounting
    General Ledger Business Process Describe configuration components for General Ledger
    Process Journal Entries Set up Allocations Perform account reconciliation Describe the OneView General Ledger
    Analyze General Accounting inquires and reports
    Process online consolidations
    Create budgets
    Perform Cash Forecasting

  • Accounts Receivable
    Describe Accounts Receivable Business Process
    Describe configuration components for Accounts Receivable
    Utilize the AR Credit and Collections Process
    Describe Customer Master
    Process AR invoices
    Process AR Cash Receipts
    Post AR transactions to General Ledger
    Process Credit Reimbursements Describe OneView Customer Ledger and Receipts inquiry
    Review and maintain tax information
    Analyze Accounts Receivable Inquiry and Reports
    Describe Revenue Recognition process

  • Fixed Assets
    Describe Fixed Asset Process
    Set up Fixed Assets
    Manage Asset Records and Locations
    Process General Ledger Entries for Fixed Assets
    Process Transfer Assets to New Locations
    Process Asset Splits and Disposals

  • OneView Financial Statements
    Describe OneView Financial Statement Process
    Create and generate new statements
    Explain import and export functionality in OneView Financials Statements

The candidate needs to go through and be proficient in every topic.

Exam Preparation

Questions in the exam are based on official training material provided by Oracle over different official platforms.
Also the information in the following pieces of training is the source for the exam. Hence, Candidates should complete the following training courses before appearing for the certification exam.

Candidates should complete one of the below-mentioned pieces of training for the proper understanding of content and topics

  • JD Edwards EnterpriseOne - Applications Learning Subscription
  • Unlimited Product Learning Subscription

There are two main types of resources for preparation of certification exams first there are the study guides and the books that are detailed and suitable for building knowledge from the ground up then there are video tutorial and lectures that can somehow ease the pain of through study and are comparatively less boring for some candidates yet these demand time and concentration from the learner.
Candidates who want to build a solid foundation in all exam topics and related technologies usually combine video lectures with study guides to reap the benefits of both but there is one crucial preparation tool as often overlooked by most candidates the practice exams.
Practice exams are built to make students comfortable with the real exam environment. Statistics have shown that most students fail not due to that preparation but due to exam anxiety the fear of the unknown. It is recommended to prepare notes and practice 1z0-342 Exam dumps.

Exam Content

The examination consists of 80 Questions. Candidates should score 65% to clear the examination.

Formats of Question

  • Single Response Multiple-choice questions: Only One correct response from the given options best suits the statement or answers the question.
  • Multiple Response Multiple-choice questions: Two or More Correct response from the given options best suits the statement or answers the question.

Exam Duration

Candidates will have 120 minutes for attempting 80 questions. So, it becomes important for the candidates to time-box the exam and restrict spending too much time on one question or one topic.

Exam Results

The Oracle 1z0-342 certification is a pass or fail examination and the candidate has to score a minimum of 65% to be termed as pass in the certification exam.

Candidates will receive an email with the result from Oracle within 30 minutes of completing the Certification exam. Exam results are also available on the CertView web portal and the candidate can visit the portal and login to the CertView account to view the exam results and get further details.

For more info visit:

Oracle JD Edwards EnterpriseOne Financial Management 9.2 Implementation Essentials Person VUE Oracle Education

Sample Practice Questions (1Z0-342: JD Edwards EnterpriseOne Financial Management 9.2 Implementation Essentials)

Try these sample questions before moving to the full interactive quiz below. Each question includes the correct answer and explanation to help you understand the concepts tested in a 1Z0-342: JD Edwards EnterpriseOne Financial Management 9.2 Implementation Essentials exam.

1 Which three steps are performed in the Match Tape File To Recon File program (R09510) in order to reconcile the transactions?

A marking as reconciled all transactions with matching document numbers and amounts, and cleared dates greater than the document date in the F0911R workfile and F09ii table
B printing four reports that show the results of the comparison and list any errors that occurred during the automatic reconciliation
C converting data from the F095051 flat file to the F09505 workfile
D comparing cleared transactions from the bank tape in the F09505 to unreconciled transactions in the F0911R reconciliation workfile
E copying the unreconciled transaction detail for all reconcilable accounts from the F0911 table to the F0911R reconciliation workfile
Answer: A, C, E
The correct answer is A, C, and E. Here is why those three steps belong to the Match Tape File To Recon File program (R09510): 1. E. Copying the unreconciled transaction detail for all reconcilable accounts from the F0911 table to the F0911R reconciliation workfile This is the preparation step. The program first gathers the ledger transactions that are eligible for reconciliation and places them into the reconciliation workfile so they can be matched against bank information. 2. C. Converting data from the F095051 flat file to the F09505 workfile The tape file contains bank-cleared transaction data. Before matching can happen, the program converts that imported flat file data into the F09505 workfile format that the reconciliation process uses. 3. A. Marking as reconciled all transactions with matching document numbers and amounts, and cleared dates greater than the document date in the F0911R workfile and F09ii table This is the actual matching and reconciliation action. The program compares the bank tape records with the unreconciled ledger records, and when the document number, amount, and date criteria match, it marks those transactions as reconciled. Why the other options are not correct: B. Printing four reports that show the results of the comparison and list any errors that occurred during the automatic reconciliation Reporting may occur as part of the overall process, but it is not one of the three core steps performed by the Match Tape File To Recon File program for reconciliation. D. Comparing cleared transactions from the bank tape in the F09505 to unreconciled transactions in the F0911R reconciliation workfile This sounds close to the matching concept, but it is not listed as one of the specific steps in the expected sequence. The key official steps are the conversion, copying, and marking reconciled. In summary, the program works by first preparing the ledger data, then converting the bank tape data, and finally matching and reconciling the transactions. Therefore, A, C, and E are the correct choices.

2 Your client decided to upload budgets to the system using a spreadsheet and reviewed the upload by using the Upload/Conversion Revisions program and confirmed that the upload was successful. Upon reviewing the F0902 table for budget data, the client does not find any data for the accounts uploaded. What caused the problem?

A The client failed to run the upload/conversion program.
B The client failed to purge last year's transactions before running the upload/conversion program.
C The spreadsheet uploaded contained subledgers. Budgeting at the subledger level is not supported In 3D Edwards.
D Some of the spreadsheet rows uploaded only contained account numbers but no amounts so the upload failed.
Answer: A
The correct answer is A. The client failed to run the upload/conversion program. In this scenario, the client uploaded the budget using a spreadsheet and then checked the Upload/Conversion Revisions program to confirm the upload was successful. However, they did not find any budget data in the F0902 table. The key point is that in JD Edwards, uploading a spreadsheet alone does not actually load the budget data into the Budget Master table (F0902). The spreadsheet is only the input file. The Upload/Conversion program is the step that processes the spreadsheet data and writes it into the system tables. So if the budget upload was reviewed but no data appeared in F0902, the most likely cause is that the upload/conversion program itself was not actually run. Why the other options are incorrect: B. The client failed to purge last year's transactions before running the upload/conversion program. This would not normally prevent budget data from loading into F0902. It might affect data cleanup or reporting, but it is not the reason no budget records were created. C. The spreadsheet uploaded contained subledgers. Budgeting at the subledger level is not supported in JD Edwards. While subledger-level budgeting may not be supported, that would not explain a complete absence of budget data for the uploaded accounts in this context. D. Some of the spreadsheet rows uploaded only contained account numbers but no amounts so the upload failed. Missing amounts in some rows might cause those rows to be rejected or ignored, but it would not typically result in no data at all if the upload process itself had been executed correctly. Summary: The spreadsheet upload was reviewed, but the actual processing step that loads the data into F0902 was not completed. Therefore, the correct answer is A.
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